For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds...
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For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and fill in the entries in the cash flow statement below. 2018 Income Statement $(000) Revenue 3000 Warranty/ Bad Debt 40 Net Revenue 2960 COGS1480 Contribution Margin 1480 SG&A (incl depreciation) 1200 Operating Income 280 Other Income 40 Net Income 320 2018 Retained Earnings Statement $(000) Retained Earnings, start of year 1400 Net Earnings for the year 320 Less: Dividend Paid 100 Retained Earnings, end of year1620 Notes: 1. Calculate the required quantities to answer each of the blanks. 2. Express your quantities in your answer in thousands ($000).Write down integers in thousands. 3. Please answer all the blanks and type in "0" where you think there is no actual value. For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds and fill in the entries in the cash flow statement below. 2018 Income Statement $(000) Revenue 3000 Warranty/ Bad Debt 40 Net Revenue 2960 COGS1480 Contribution Margin 1480 SG&A (incl depreciation) 1200 Operating Income 280 Other Income 40 Net Income 320 2018 Retained Earnings Statement $(000) Retained Earnings, start of year 1400 Net Earnings for the year 320 Less: Dividend Paid 100 Retained Earnings, end of year1620 Notes: 1. Calculate the required quantities to answer each of the blanks. 2. Express your quantities in your answer in thousands ($000).Write down integers in thousands. 3. Please answer all the blanks and type in "0" where you think there is no actual value.
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Statement of Sources Uses of Funds are as follows Balance Sheet 000 End 2017 End 2018 Sources of Fun... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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